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we're going to big deal days are back and better than ever! right now, go to priceline for a sneak peek at recent winning hotel bids to find where you can save up to 60% on hotels. we'll even email you other people's winning bids, so you'll know what price to name. with new hotel bid alerts, from priceline.
we're going to big deal days are back and better than ever! right now, go to priceline for a sneak peek at recent winning hotel bids to find where you can save up to 60% on hotels. we'll even email you other people's winning bids, so you'll know what price to name. with new hotel bid alerts, from priceline.
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Jul 15, 2011
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it is hard to do a big package. my republican friends have said that they're not willing to do revenues. and they have repeated that on several occasions. my hope, though, is that they're listening not just to lobbyists or special interests here in washington but they're also listening to the american people because it turns out poll after poll, many done by your organizations, show that it's not just democrats who think we need to take a balanced approach, it's republicans as well. the clear majority of republican voters think that any deficit reduction package should have a balanced approach and should include some revenues. that's not just democrats. that's the majority of republicans. you've got a whole slew of republican officials from previous administrations. you've got a bipartisan commission that has said that we need revenues. so this is not just a democratic understanding. this is an understanding that i think the american people hold, that we should not be asking sacrifices from middle-class folks who ar
it is hard to do a big package. my republican friends have said that they're not willing to do revenues. and they have repeated that on several occasions. my hope, though, is that they're listening not just to lobbyists or special interests here in washington but they're also listening to the american people because it turns out poll after poll, many done by your organizations, show that it's not just democrats who think we need to take a balanced approach, it's republicans as well. the clear...
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Jul 15, 2011
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push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their rhetoric. let alone their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president does seem to be doing is what you just said, is making his position appear to be the one who wants to do the big move on deficit reduction and forcing these republicans to back away from big deficit reduction, thereby, he hopes, neutralizing deficit reduction as an issue against him in the presidential campaign. >> well, look. he's talked about deficit reduction all the way through. but remember, it's not just his position here. it's two thirds of the american public. we have a slew of polls here saying that two thirds of the american people want to
push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their rhetoric. let alone their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president...
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>> they get a big of a deal. we will do it in a long term. >> it is a 1 month extension of the debt ceiling compared to doing it until 2012. >>, the risk is that you lose credibility in the markets about your willingness to experience a few did that, it would be important to send signals somehow that you have a plan. >> better to do it now than ever did in 2213 than a month at a time? >> thank you. >> thank you. thank you. i just have one question. in view is the largest holder of our treasury debt? is it the chinese government? is it the chinese institution? >> they have a lot of it. >> the reserve holdings is there. >> effectively, it became our debts and not paying this. we would be paying the chinese central bank. it would a probably raise the debt ceiling. there is used for the deficits that we face. we are trying to do that. ironically, when you do this, the irony and the priority is to the chinese central bank. it is lower on the pecking order. it would practically be seniors and social security recipients
>> they get a big of a deal. we will do it in a long term. >> it is a 1 month extension of the debt ceiling compared to doing it until 2012. >>, the risk is that you lose credibility in the markets about your willingness to experience a few did that, it would be important to send signals somehow that you have a plan. >> better to do it now than ever did in 2213 than a month at a time? >> thank you. >> thank you. thank you. i just have one question. in view is...
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Jul 15, 2011
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it's not going to be that big a deal. listen to michele bachmann, listen to a ton of these house republicans, just shut the thing down. that's the only way you get a bill to do this thing. it's sinful to vote for this. and by the way, a majority of the country says that they're not in favor of increasing the debt limit. that's just a fact. >> and you also have people like nancy pelosi saying that entitlement reform is absolutely off the table even after the president of her own party put it on the table. so there are people in both parties who are playing games with. this i just think it's a shame that a deal that would have both raised revenue, to the tax rates, and reformed entitlements and cut spending has been on the table in washington, d.c. for six months and it hasn't gotten done. >> well, i don't know of a single democrat that said that that is no big deal if we don't raise the debt -- >> nancy pelosi and others said you can't touch entitlements. >> i don't know of a single democrat that said it's not a big deal i
it's not going to be that big a deal. listen to michele bachmann, listen to a ton of these house republicans, just shut the thing down. that's the only way you get a bill to do this thing. it's sinful to vote for this. and by the way, a majority of the country says that they're not in favor of increasing the debt limit. that's just a fact. >> and you also have people like nancy pelosi saying that entitlement reform is absolutely off the table even after the president of her own party put...
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. >> that is a big compliment. are you on
. >> that is a big compliment. are you on
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s'mores are big for us. i would rather have them at home. so -- who hasn't had a question the past couple days? you? >> you talked a little about kind of the mood in the room and how you're getting kind of get up with some of the discussions -- >> we are set up. i'm saying the president has more patience than job. i don't compete with him in that regard. >> the meeting when it broke down yesterday and president slammed back his chair and stood up and said, see you tomorrow. i'm wondering if you can talk about generally the mood of the meeting last night throughout the whole thing and what happened yesterday? >> i don't understand the problem is if the president of the united states after a meeting over two hours stands up and says see you tomorrow. that's how meetings with president's end. you don't leave first. the president leaves first. so that was completely appropriate, unless somebody in the room thought he or she should have the last word and start the exit from the meeting. but that would be i think a breach of protocol. >> you talke
s'mores are big for us. i would rather have them at home. so -- who hasn't had a question the past couple days? you? >> you talked a little about kind of the mood in the room and how you're getting kind of get up with some of the discussions -- >> we are set up. i'm saying the president has more patience than job. i don't compete with him in that regard. >> the meeting when it broke down yesterday and president slammed back his chair and stood up and said, see you tomorrow....
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and los angeles bracing for the big one. not an earthquake, but a massive traffic jam that's being called carmageddon. i'm wolf blitzer you're in "the situation room." a florida judge today granted casey anthony's motion for a protective order. that means she won't have to face a deaf mission suit filed against her until october. casey anthony is being suzed by a woman named zenaida fernandez. she told investigators that's the name of caylee's nanny and the woman had taken the little girl and disappeared. gonzalez denied knowing anthony or her daughter. in this case, casey anthony appears to leave prison on sunday. there are concerns about her safety. let's go to orlando. what are these concerns all about, david? >> well, wolf, it was on this very day back in 2008 that casey anthony's mother first made those dramatic 911 calls with police, first alerting them to her missing granddaughter. so now three years later, casey set to get out of jail on sunday, facing tremendous public anger. and a public relations expert says there
and los angeles bracing for the big one. not an earthquake, but a massive traffic jam that's being called carmageddon. i'm wolf blitzer you're in "the situation room." a florida judge today granted casey anthony's motion for a protective order. that means she won't have to face a deaf mission suit filed against her until october. casey anthony is being suzed by a woman named zenaida fernandez. she told investigators that's the name of caylee's nanny and the woman had taken the little...
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. >> big victory to talk about. >> that's it for us. "cnn newsroom" begins right now with kyra phillips. you have a busy morning. >> we do. a lot to talk about. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> the nation's debt crisis. the clock ticks and pressure builds. the president tells the congressional leaders you have 24 hours or less to make something has been. >>> a top murdoch executive resigns this morning. rebekah brooks former head of the disgraced tabloid "news of the world" is gone. >>> in southern california, drivers buckling up for carmagedd carmageddon. a bridge demolition that will close down 405, one of california's busiest highways. >>> we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in t
. >> big victory to talk about. >> that's it for us. "cnn newsroom" begins right now with kyra phillips. you have a busy morning. >> we do. a lot to talk about. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> the nation's debt crisis. the clock ticks and pressure builds. the president tells the congressional leaders you have 24 hours or less to make something has been. >>> a top murdoch executive resigns...
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the big deal. that is where we are right now and what we need. >> maria, what is the political burden? because, ultimately, all of this is viewed through a political lens. the winners and the losers. >> absolutely. >> who holds the bag? what is the political burden? >> here is the reason i believe that mitchell mcconnell ended up offering his plan. he understands, as well as other republicans who are becoming very nervous about who is going to take the blame if we do go into default, they are understanding republicans will take the blame. what they have not understood up to now when you negotiate you have to put something that is your cow on the table. they haven't done nothing to put their sacred cows on the table. president obama and the democrats have offered up changes in medicare and social security. the sacred cows for american families and don't know that because they understand we are at a crossroads. republicans do not understand that. if we go into default, they will take the blame on thi
the big deal. that is where we are right now and what we need. >> maria, what is the political burden? because, ultimately, all of this is viewed through a political lens. the winners and the losers. >> absolutely. >> who holds the bag? what is the political burden? >> here is the reason i believe that mitchell mcconnell ended up offering his plan. he understands, as well as other republicans who are becoming very nervous about who is going to take the blame if we do go...
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. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut between $1 trillion and $1.5 trillion dollars
. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm...
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i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people, is dealing with the governments, dealing with the communities, dealing with the all the institutions, all the interests. so it's dealing with people is, like, the hard work. >> ( translated ): can't you see the government is lying to us? we'll be evicted like dogs one day. >> ( translated ): if you're wise, you should find somewhere to move to now. don't count on being given a house and don't think you'll come back here. when you leave, you are gone for good. >> ( translated ): how much did you say it was? >> ( translated ): that is 5,500. >> ( translated ): and electricity? >> ( translated ): 1,000
i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people,...
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so that, in and of itself was a big deal for our country. and then personally, if you coupled that, the president at that time or soon after having to help and cope and help betty ford cope with having breast cancer. one can only imagine the ordeal they had to go through as a couple but as president and fist lady. what was going on in their own home and obviously across the headlines as well. host: i read an interview with betty ford that she was opposed to the party before president ford pardonned richard nixon. guest: you know, a lot of people have very strong opinions about it. and that would not surprise me. i had not heard that, but that would not surprise me. but i think again in retrospect, however people felt, it really was designed to help get the country past this dark episode called watergate. host: one of the popular campaign buttons in 1976 was this. "i'm voting for betty's husband " was the button. and gerald ford by a margin of maybe 30 or 40 or 100 delegates beat ronald reagan to win the 1976 presidential primary. that conven
so that, in and of itself was a big deal for our country. and then personally, if you coupled that, the president at that time or soon after having to help and cope and help betty ford cope with having breast cancer. one can only imagine the ordeal they had to go through as a couple but as president and fist lady. what was going on in their own home and obviously across the headlines as well. host: i read an interview with betty ford that she was opposed to the party before president ford...
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that is the big issue. the issue that the gentleman makes -- moodys, standard and poor's, and others, that is where those who put their money with us look to see if there is something to be nervous about. nervousness in the business world and the investment world is creating a lot of the issues we have right now. it is the unknown that keeps people from reaching into their surplus money, and deciding whether or not to invest. the nervousness that is created if they should change the rating, they will not drop us to b bonds , i guarantee you, but even if they were to drop bus bounced -- drop us down to double a, there would be feared. fear drives a lot of dangerous thing. host: you're on your way to the conference meeting. what will happen in that room today? guest: i believe we will have presentations about what some of the thinking heads of this country think will happen if the debt ceiling is not increased, but i'm not certain about that. i think we will have discussions about negotiations that have been
that is the big issue. the issue that the gentleman makes -- moodys, standard and poor's, and others, that is where those who put their money with us look to see if there is something to be nervous about. nervousness in the business world and the investment world is creating a lot of the issues we have right now. it is the unknown that keeps people from reaching into their surplus money, and deciding whether or not to invest. the nervousness that is created if they should change the rating,...